Shortages in SI Goods as Mumbai Dealers Ready for Hong Kong Show
June 13, 11(IDEX Online News) – Demand from the Chinese market for SI goods has resulted in shortages of this category of diamonds in the Mumbai market. There is a lot of anticipation that the upcoming Hong Kong trade show will reveal strong demand from the Chinese market.
The Hong Kong Jewellery & Gem Fair is opening on June 23.
Of late, with the price of better goods soaring, Chinese buyers have been steadily trading down, and now they are strong buyers of SI goods.
The news that the price of larger sizes and better categories has gone up by 15%-17% in the current De Beers DTC Sight, has caused some slowdown in the trading of these goods.
The impact of this price hike may be less severe if the assortment of these boxes is improved. The price hike has, however, only exacerbated the shortages of SI goods, as even more buyers are now likely to trade down.